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waze.com

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Stage

Acquired | Acquired

Total Raised

$67M

Valuation

$0000 

Revenue

$0000 

About Waze

WAZE is a network of drivers that creates and shares dynamic, driver-generated live maps and traffic information. By simply driving around with a WAZE-enabled smartphone, drivers automatically contribute to and benefit from real time driving statistics. Together they create the only relevant reflection of traffic status and road availability in any place, at any moment. The resulting WAZE knowledge is shared for free with live driving instruction via the user's mobile, and available to all on the community-based website. With WAZE, drivers know how to detour traffic jams and local shortcuts to get to their daily destinations without delays caused by car accidents, road works, speed cams and other surprises along the way.In June 2013, Waze was acquired by Google. The valuation of Waze was reported initially as $1.1 billion but in Google's 10-Q it was reported be $966 million with with $847 million attributed to goodwill and $188 million attributed to intangible assets minus the $69 million in other net liabilities assumed from Waze's books.

Waze Headquarter Location

1505 Salado Dr Google West Campus 3

Mountain View, California, 94043,

United States

Latest Waze News

Waze adds new feature that won’t totally rely on crowd-sourced data

Jan 11, 2022

Over the years, the navigational and mapping app Waze has created several innovative tools that eventually made their way to stablemate Google Maps. Speed limit notifications, crowdsourced accident and speed trap reports have become part of the Google Maps experience after debuting on Waze. Google reportedly paid over $1 billion to buy Waze in 2013 and there are some differences between the two. While both get you from point “A” to point “B” safely, and in the fastest possible time, Google Maps will also help you find things to do, tell you where you should eat, where you can spend the night, and more once you reach your destination. And while both apps will warn you about any issues that could cause you to arrive later than expected, Waze relies on crowdsourced information more than Google Maps does. For example, if a road is flooded, on Waze you typically would not be informed of this unless another Waze user had first reported it. That isn’t very safe for the first Waze user who drives onto a flooded street without getting a warning. So according to auto evolution, Waze is going to take advantage of a partnership between Google’s RISE Organization and FloodMapp. FloodMapp has created a real-time system that analyzes certain data to help predict exactly where a flood will take place. This information is sent to Waze where it can be used to alert drivers if their travels will be taking them too close to roads that are flooded. The bottom line is that some unlucky person doesn’t have to get stuck in a flooded-out location and report it to Waze to warn other drivers about this problem. Waze is hoping that users warned to avoid a road that is flooded still report in if they happen to see it in person. By using visual confirmation, Waze will know whether its system is working as it should. And if a flooded road is confirmed, it will help the app reroute drivers away from impassable roads and suggest an alternative route. The new flood warnings for Waze users will first be available in Norfolk, Virginia. However, if everything works as expected, the feature will be made available to additional regions. At last count, Waze has 140 million monthly users with 30 million users in the U.S. Back in October, Waze CEO Guy Berkowitz revealed some sobering news about the app’s capabilities. “We have a problem with the algorithm,” he said. “The more people we serve, the more it’s affected. The coronavirus has put us in a situation where we have to reinvent our algorithm.” Using crowdsourced data, it makes sense that if there are fewer people on the road because of the virus, the number of crowdsourced reports sent to Waze each day will decline. But there is another aspect to this issue. In Israel, where Waze was first developed, the pandemic kept many motorists off the road. Once these drivers went back behind the wheel, traffic patterns changed dramatically which messed with the algorithms used to recommend to Waze users which route they should take. Waze users complained that they were being rerouted to locations far away from their desired destinations and as one upset Waze user put it, the app “just went crazy.” Many of the crowdsourcing features in Waze are now available in Google Maps which begs the question, why hasn’t Google shut Waze down? Apparently, the company feels that there is enough of a difference between the two. And looking at the apps, that is true. Google Maps looks like a polished, professional effort while Waze can take on the appearance of a cartoon. Additionally, Waze shows hyperlocal ads with content that is relevant to the driver’s current location. The app’s own promotional material for advertisers highlights its ability to help drivers find advertisers’ businesses. As Waze cleverly says, “Become part of your customer’s journey.” Post Views:19

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Research containing Waze

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Waze in 2 CB Insights research briefs, most recently on Feb 24, 2021.

Expert Collections containing Waze

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Waze is included in 2 Expert Collections, including Smart Cities.

S

Smart Cities

1,806 items

I

Internet of Things ( IoT )

3,149 items

Waze Patents

Waze has filed 5 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/16/2014

3/1/2016

Global Positioning System, Road traffic management, Intelligent transportation systems, Road infrastructure, Automotive navigation systems

Grant

Application Date

5/16/2014

Grant Date

3/1/2016

Title

Related Topics

Global Positioning System, Road traffic management, Intelligent transportation systems, Road infrastructure, Automotive navigation systems

Status

Grant

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